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A Mineral Reserve includes diluting materials and allowances for losses that may occur when the material is mined. [3] Probable Mineral Reserve. A probable mineral reserve is the economically mineable part of an Indicated and, in some circumstances, a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study.
Quantitative mineral-resource assessments are defined as the numerical estimate of the amount, quality, and in some cases, value of undiscovered minerals (that is, metal or industrial mineral) present within a specified area (tract). Their purpose is to provide a framework for making decisions by governments or institutions concerning mineral ...
Diagram as published by McKelvey in 1973 [1] Diagram as published by McKelvey in 1976 [2]. A McKelvey diagram or McKelvey box is a visual representation used to describe a natural resource such as a mineral or fossil fuel, based on the geologic certainty of its presence and its economic potential for recovery.
A Probable Mineral Reserve has a lower level of confidence than a Proved Mineral Reserve but is of sufficient quality to serve as the basis for decision on the development of deposit. A Proved Mineral Reserve is the economically mineable part of a Measured Mineral Resource. It includes diluting materials and allowances for losses which occur ...
QEMSCAN is the name for an integrated automated mineralogy and petrography system providing quantitative analysis of minerals, rocks and man-made materials. QEMSCAN is an abbreviation standing for quantitative evaluation of minerals by scanning electron microscopy, and a registered trademark owned by FEI Company since 2009.
Whilst the SAMREC and SAMVAL Codes adhere to similar principles, the main difference is that SAMREC focuses on resource-reserve estimation and SAMVAL on their monetary valuation. [3] The code sets forth fundamental principles that a Competent Mineral Assets Valuator (CV) should adhere to when conducting and reporting on a mineral asset valuation.
Surface gold mine with haul truck in foreground, in Kalgoorlie, Australia. Mining in the engineering discipline is the extraction of minerals from the ground. Mining engineering is associated with many other disciplines, such as mineral processing, exploration, excavation, geology, metallurgy, geotechnical engineering and surveying.
The technical information required in a Reserve declaration under NI 43-101 exceeds that within the JORC Code, primarily by stipulating that certain geological parameters of the mineral reserve must be presented within a report, published in full, and presented in a particular way.